Learn English: Elon Musk's Pay Package: A Legal Battle (normal)

5 months, 2 weeks ago

Elon Musk's Pay Package: A Legal Battle

Elon Musk's attorneys are trying to convince a judge to reverse her decision to block his $56 billion pay package, which was approved by Tesla shareholders.

The judge initially ruled that the pay package was unfairly large, but shareholders then voted to approve it again.

Musk's lawyers argue that the shareholder vote should be respected and that the judge should not overrule their decision.

The judge is concerned about setting a precedent by allowing shareholders to overturn a court ruling, especially when it involves a potential breach of fiduciary duty.

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Source

Original: Teslarati.com

Tags

#Elon Musk #Tesla #Pay Package #Legal Battle #Shareholder Vote

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